27 Feb 2014

Clayton Utz advises Joint Lead Managers on Saracen Mineral Holdings' A$61.2 million equity raising

Perth, 27 February 2014: Clayton Utz has advised Macquarie Capital (Australia) Limited and Evans and Partners Pty Ltd, as joint lead managers and bookrunners, in connection with the A$61.2 million raising by Saracen Mineral Holdings Limited, announced to the market on 25 February 2014.

Mark Paganin led the Clayton Utz team, which includes senior associate Liz Humphry.

The raising comprises a $27.7 million institutional share placement to institutional and sophisticated investors, undertaken via institutional bookbuild. The underwritten floor price is A$0.31 per share with an accelerated 2 for 11 non-renounceable entitlement offer at the same price as the placement (A$0.31) to raise total proceeds of A$33.6 million.

Macquarie Capital (Australia) Limited and Evans and Partners Pty Ltd were also joint underwriters to the retail component of the entitlement offer.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.